At StealthX, we keep our eyes locked on the charts so you don’t have to. According to the latest technical setup for BTC/USDT, Bitcoin is showing a classic retest pattern, and the bulls might be preparing for another strong breakout.
📉 Recent Price Action
Bitcoin recently touched the resistance zone around $111,900, a level where many short-term traders took profit. After this quick spike, BTC retraced back toward support near $106,950–106,447, forming a healthy dip and setting the stage for the next move.
As shown in the chart:
- 🔴 Resistance 1: $111,900
- 🔴 Resistance 2: $116,880 (potential breakout target)
- 🟢 Support Zone: $106,950 to $104,874
- 📈 RSI: Currently in the cooling zone (around 62), indicating room for upside
🔄 What’s Likely Next?
Based on our crypto trading signals and technical analysis, BTC may do the following:
- Short-Term Drop: A pullback towards the support zone (around $106,500–105,000) to collect liquidity.
- Strong Reversal: A bullish bounce leading back toward $111,900.
- Breakout Rally: If momentum holds, BTC could potentially test the $116,880 zone in the coming days.
This type of setup is commonly spotted by professional traders using support-resistance theory and price action psychology, both of which StealthX incorporates into its premium signals.
🧠 What Traders Should Watch
- Support Holding: If BTC maintains above $104,800, the bullish structure remains intact.
- RSI Behavior: A bounce off the 60–65 RSI region has historically signaled strong buying activity.
- Volume & News: Always monitor macro news or ETF updates that may affect momentum.
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